5 Wytworna Street 02-654 +48 500 434 351 [email protected] www.multibud.biz TABLE OF CONTENTS

Letter from CEO 2 MULTIBUD Story 3 Projects in implementation 5 Our new investment projects 11 Our team 22 Support interesting and important cultural projects 28 Dear Sirs, MULTIBUD STORY

MULTIBUD is a Polish real estate developer, co-investor and well established leader in mixed-use projects MULTIBUD Group Structure integrating functional housing, office, retail and hospitality with public space.

MULTIBUD has been established by the team of seasoned managers and construction engineers who MULTIBUD INVESTMENT W. CiurzyńskiS.A. have been working together for over two decades developing the biggest and most prestigious projects in (Warsaw: New Wilanów Residential Village and Office Park, Marina Mokotów Residential Village; 100% 100% 100% Gdansk/Sopot: Neptun Park Village, Sopot Residency. Leading position and expertise in mixed-use estate have awarded MULTIBUD most prominent investment project - the Granary Island located in most exclusive MULTIBUD Service MULTIBUD Management MULTIBUD Real Estate part of Gdansk historic district. Currently, MULTIBUD together with its partners and investors, develops Sp. zo.o. Sp. z o.o. Sp. z o.o. 4 projects with total 22 000 m2 surface area and 67 000 m2 GLA. MULTIBUD has also secured a book of prestigious and challenging investment projects in prime locations of the main Polish cities.

Our dynamic growth and backlog of new projects offers investment opportunity for financial investors. SPV 1 SPV 2 SPV 3 SPV N Therefore, we have taken a decision to partner up with a financial investor either at the MULTIBUD level or on a project by project basis. As a reflection of our goals and plans, please find attached a short introduction to MULTIBUD group and description of the aforesaid investment projects outlining their locations, MULTIBUD INVESTMENT W. CIURZYŃSKI SA – parent company in MULTIBUD Group, investment vehicle urban-architectural and financial key assumptions as well as development stage. for capital investments, shareholder of investment project’s SPVs, solely owned by Wojciech Ciurzyński; MULTIBUD MANAGEMENT Sp. z o.o. – general contractor and project manager, operationalservices, In addition to the above, below please find the proposed terms of joint investments. investor’s supervision, investor substitute; MULTIBUD Service Sp. z o.o. – operational services regarding technical maintenance of commercial buildings; I. We assume that new investment projects will be developed through SPV structures. Each SPV will be MULTIBUD Real Estate Sp. z o.o. – real estate management, real estate marketing and sales. financed with commercial bank debt and sufficient investors’ equity to satisfy current market financing requirements. Mission Statement II.  The SPVs will be capitalized with equity or subordinated debt and in-kind contribution of land. III.  MULTIBUD will act as the Project Manager of the investment projects and shall make cash MULTIBUD since its foundation in 2011 by Wojciech Ciurzyński has been a well-recognised developer and contribution to equity share of each SPV. MULTIBUD shall charge a SPV with an agreed management manager offering its expertise to construction and development sectors in Poland. The mission of MULTIBUD fee and carried interest. is to search for, organise and implement unique, mixed-use projects as well as provide professional services IV.  The Financial Investor shall bring financing necessary to meet capital requirements of a SPV. for construction and development companies while securing sustainable growth and creating value for local The paid in financing may be accounted as (i) equity or (ii) subordinated debt instrument for which community.MULTIBUD strategy is guided by the principles of client satisfaction and comfort of the residents, at exit the Financial Investor shall have the right to principal and agreed interest plus agreed share which is achieved by professional services, passion and high effectiveness of the team of experts, as well in capital of a SPV. as unique partnership relations with subcontractors and suppliers. V.  All the planned projects are characterized by their prime location, responsibility of the local partners/shareholders owning the land and support of local authorities for development of Offer the investments. MULTIBUD offers complex services in the following fields: Based on the above I hope that after review of our presentation you will find the projects interesting • Preparation and implementation of development projects and will accept our invitation to participate in investments at MULTIBUD INVESTMENT W. Ciurzyński. • Investment advisory services • General implementation of the investment Yours faithfully, • Investment supervision • Execution of construction investments

MULTIBUD Advantages

• Experienced team of professionals • Professionalism, complexity and wide range of services provided • Team of experts and professionals, who have well diversified experience in highest standard services offered to the real estate and construction sectors Wojciech Ciurzyński • Ability to manage complex and mixed-use projects

MULTIBUD is a reliable partner: • Combining highest international standards with professionalism of Polish engineers • Understanding the needs of its clients

MULTIBUD ensures: • Comfort of executing construction and developer projects • Ability to take the right investment decisions by providing professional advisory services 2 3 Projects in implementation

PROJECTS IN IMPLEMENTATION

1

3 2

Polish highways/motorways:

existing planned

under construction Multibud’s investments

1. GRANARY’S ISLAND NORTHERN HEADLAND DEVELOPMENT PROJECT – GDAŃSK 2. FOREST RESIDENCE – KOBYŁKA 3. STREETS: CHROŚCICKIEGO, LUTNIOWA, OBRZEŻNA – WARSAW

5 Projects in implementation Projects in implementation

Urban-architectural assumptions GRANARY’S ISLAND NORTHERN HEADLAND DEVELOPMENT PROJECT – GDAŃSK Visualisation of the Project Location

Granary ‘s Island Northern Headland Development Project is located in unique location of the center of Old Gdańsk.

Location of the Project

Source: studio Kwadrat, RKW Gmbh

Current status Source: Google View of the current status of the historic part of the Project’s area Gdańsk is the sixth largest Polish city, with the biggest sea port in the country. The city is also the capital of the , situated at the Gdańsk Bay - the mouth of the Vistula River. It is one of the three cities comprising the Tri-City: Gdańsk, Sopot and Gdynia. The cities form the biggest metropolis in the north of Poland, with 800 thousand inhabitants. In terms of industry, culture, science and tourist attraction, it is the fourth most developed agglomeration in Poland. The Tri-City has good transport connections with the rest of the country and major European cities via: roads (the A1 motorway), air, and rail.

The Project has an excellent location– right in the center of Gdańsk, which is characterized by: • direct vicinity of the Old Town, • direct vicinity of the yacht port, • suitable access to public transport. • scale of the Project itself, which creates an unique character of the part of the City, with very distinct Source: Google atmosphere. As can be seen from the pictures presented above, the Project’s area remains completely devastated since The Old Town in Gdańsk is one of the biggest tourist attractions in Poland – the II World War and does not meet any requirements of serving any public functions to the city, its inhabitants visited by ca 5 million guests annually. or tourists. Project’s area is covered by the current Urban Development Plan and can be included in the city’s urban Description investment plans (for details please refer to the City Council’s Resolution No 1146 of 28 October 2010). The city assumes that the following documents will be crucial for the Project’s development and will form The area covers almost 2 ha and is designed to encompass buildings, which are envisaged to serve several the basis for the cooperation between the city and the private partner: functions: housing, services, hotel, entertainment. The Project assumes selling of ca 64 thousand m2 of housing • draft of Shareholders Agreement, and commercial space and ca 900 underground parking places. It encompasses building of: 17.200 m2 housing • draft of Articles of Association (SPV), space, 15.000 m2 commercial space, 10.300 m2 office space, 6.0002 m exhibition area at the Amber Museum • Functional Programme of the Amber Museum, and 15.500 m2 hotel space with wellness & spa amenities as well as a conference center. • Urban-Architectural design of the Project’s area.

6 7 Projects in implementation Projects in implementation

Urban-architectural assumptions FOREST RESIDENCE – KOBYŁKA Visualisation of the Project Location

Forest Residence is located in the center of Kobyłka, in the vicinity of Ręczajska, Fałata, Leśna and Nadarzyńska Streets.

Location of the Project View of the investment area from Ręczajska Street

Source: Google Source: Archi-graf

Kobyłka – a city and municipality in the Mazovian Voivodeship and Wołomin County, located at the railway The urban-architectural concept of the Forest Residence Project, prepared by the Mąka-Sojka Architects from to Białystok, and only 17 km to the north-east from the center of Warsaw. Kobyłka currently has ca. 20 thousand Warsaw (with the support of the experts from MULTIBUD), assumes the development of three residential inhabitants and is a dynamically growing city. buildings with 5 and 6 above-ground floors, situated on two plots of land, covering an area of 14.600 2m . All three buildings, characterised by interesting, urban residential architecture, for many years will constitute The basic asset of the city is it’s direct vicinity of Warsaw – the biggest and most demanded labour market in Poland. a reference point for other investments in this part of the city and decide upon the direction of the change Kobyłka is at the same time a synonym of a tranquil, small and green place, perfect for comfortable living of its character. and working in Warsaw. Additionally, the investment location is situated at the borderland of Sosnówka and Grabicz i.e. two most green and forested areas of Kobyłka. The described area is characterized by: Current status • direct vicinity of the City Hall, • suitable access to public communication, The management of the Municipality of Kobyłka, based on the letter of intent binding the parties, has • direct connection with the 614 road (Nadarzyńska Street) and the S 8 road leading to Warsaw, empowered Mr Wojciech Ciurzyński, representing MULTIBUD, to work on the Project’s concept and prepare • direct access to the railway station with the trains travelling between Warsaw-Białystok. a feasibility study of the Project. The commissioned works have already been prepared and presented by the representatives of MULTIBUD Description and Mąka-Sojka Architects to the Management of the Municipality and the City Council, which have positively welcomed and approved the Project concept. Kobyłka is interested in developing the urban structure around the city center. The Project, which is aimed at building residential houses together with accompanying services on the land parcel covering an area of ca. 4,5 ha, located As a result, the Parties have decided to proceed with the implementation of the investment project, including: in the city center at Leśna, Fałata, Ręczajska and Nadarzyńska Streets serves this purpose. making necessary amendments to the administrative decisions, appointing a project team to start drafting the shareholders’ agreement and other necessary contractual arrangements, which will regulate the conditions According to preliminary assumptions, the residential buildings will be accompanied by public functions in the form of cooperation on the Forest Residence Project. of a local library and other services indispensable to the residents, including medical services. Underground there will be a one floor parking space with technical functions. The apartments are envisaged to meet the current market needs in terms of the price and functionality.

8 9 Projects in implementation New projects

INVESTMENTS IN WARSAW OUR NEW INVESTMENT PROJECTS

During last three years MULTIBUD executed on it own share three developer projects in Warsaw at and Mokotów districts. Total GLA development space = 6300 sqm with 63 flats and 65 parking spaces. 1 20 Chrościckiego Street

2

4

3

23 Lutniowa Street 18 Obrzeżna Street

Polish highways/motorways:

existing planned

under construction Multibud’s investments

1. THE “PLYMOUTH SQUARE GALLERY” – Project in Gdynia

2. THE “TOWAROWA BUSINESS PARK” – Project in Olsztyn

3. THE “ CONGRESS CENTER”- Project in Radom

4. THE “FORT VII A – WARSAW TOWER” - PROJECT IN WARSAW

5. THE MASS AND CHEAP FLAT BUILDING PROGRAMME IN POLAND

10 11 New projects New projects

Urban-architectural assumptions THE “PLYMOUTH SQUARE GALLERY” – Project in Gdynia Pic. 1 Visualisation of the architectural concept of the „Plymouth Square Gallery” Project in Gdynia Location

The „Plymouth Square Gallery” Project is located in the center of Gdynia, in the vicinity of Świętojańska (from the South), Legionów (from the North) Streets and Marszałka Józefa Piłsudskiego Avenue (from the West). From the East the area borders with residential buildings.

Pic. 1: Location of the Project. Pic. 2: View of the area towards Nadmorski Boulevar

Source: Google

Gdynia, with 250 thousand inhabitants, is also one of the cities comprising the Tri-City: Gdańsk, Sopot Source: The design concept of Mąka – Sojka Architects from Warsaw. and Gdynia. The cities form the biggest metropolis in the north of Poland, with 800 thousand inhabitants. In terms of industry, culture, science and tourist attraction, it is the fourth most developed agglomeration The urban-architectural concept of the „ Plymouth Square Gallery” Project was developed by Mąka – Sojka in Poland. Architects from Warsaw with the assistance of specialists from MULTIBUD. The basic idea behind the Project The Project is located right in the center of Gdynia, in the most representative part of the City, which is a very concept was the urge to make this center an area, which, through its architecture and functionality, would popular place amongst Gdynia’s residents and guests : complement the dynamic development of Gdynia – a city, founded only in 1926, and characterised by a clear • vicinity of the Nadmorski Boulevard, mission of modernity and progress. The authors of the concept have no doubt that the structure and charac- • suitable access to public transport, ter of the services offered by „ Plymouth Square Gallery” will attract thousands of residents and tourists visiting • direct vicinity of Świętojańska Street, Gdynia each day. • scale of the Project itself creates a unique character of the part of the City, with a very distinct atmosphere. Current status Description The City Board Management, based on the letter binding the parties has empowered Mr Wojciech Ciurzyński, In line with the Municipal Urban Development Plan, the Project concept assumes the construction representing MULTIBUD, to work on the Project’s concept and prepare the feasibility study of the Project. of a Multifunctional Service Center – the „ Plymouth Square Gallery”, which will cover an area of over 2 ha, According to the primary concept, apart from the City Hall, which will serve a public function, the investment and a new City Hall. According to initial assumptions, the commercial area of the Center will encompass: area will also be developed with offices, shopping centers and parking facilities. offices, shopping centers, cafes, restaurants and a sports center, as well as underground parking. The buildings will cover a total above-ground area of 42.6 thousand m2 i.e. total usable area The Project concept will be presented to the City authorities in the nearest weeks. of ca 32.0 thousand m2 plus total usable area of underground parking of 26.7 thousand m2 – a total of 960 parking places. Shortly afterwards the parties will start negotiations on the conditions of the undertaking, which will be executed as a Public-Private Partnership.

12 13 New projects New projects

Urban-architectural assumptions THE “TOWAROWA BUSINESS PARK” – Project in Olsztyn Visualisation of Towarowa Business Park Location

The „Towarowa Business Park” is an investment project located in Olsztyn at 2 Towarowa Street, at the crossing with . Towarowa Street is one of the most important communication arteries of Olsztyn. The area is located close to the city center and in direct vicinity of the main railroad.

Pic. 1 Location of the Project Pic. 2 Current view of the place of investment.

Source: Google

Olsztyn is the capital of the Warmian-Masurian Voivodeship and the main economic, educational, cultural center of the region. It is well communicated with main cities of central, northern and eastern Poland.

Olsztyn is not only the capital of one of the most beautiful regions in Europe and worldwide but also Source: Mąka – Sojka Architects from Warsaw an important and buoyant industrial center hosting representatives of many industries like: tire, timber, furniture, food, textiles, vehicle manufacturing and printing. Current status

Olsztyn is also a fast developing educational center and the Warmian-Masurian University, with over MULTIBUD W. Ciurzyński, has signed a letter of intent with the representative of OZGraf (Olsztyńskie Zakłady 35 thousand students, is the largest amongst the locally present schools offering higher education. Graficzne SA) in relation to the implementation of the development Project Towarowa Business Park located in Olsztyn at Towarowa Street. Description The primary idea behind the joint undertaking stemmed from the conviction that the existing function of the real-estate i.e. purely for production purposes, is insufficient and other functions should be served once The „Towarowa Business Park” Project undertaken by OZGRAF – a local investor, assumes the building the area is developed. of a multifunctional residential-business center, whose implementation will be divided into several phases. The Center is estimated to cover an area of over 24 000 m2 encompassing office buildings, commercial space, The Parties have agreed that MULTIBUD W. Ciurzyński, will prepare and present a new plan of the land use hotel and residential apartments with proper parking facilities located underground. Apart from the housing to OZGraf – the owner of the real-estate, covering an area of ca. 1,6 ha built-up with office buildings, production buildings, which are projected to cover an area of over 10 thousand m2, the development will also encompass buildings and warehouses. an office building covering an area of 8 thousand m2, commercial space of 980 m2 and a hotel building with 126 rooms and wellness & spa amenities. Currently the concept assumes construction of a multifunctional complex encompassing: housing space, office space, hotel with wellness & SPA amenities as well as a conference center.

14 15 New projects New projects

Urban-architectural assumptions THE “RADOM CONGRESS CENTER”- Project in Radom Pic. 1 Visualisation of the architectural concept of the „Radom Congress Center”. Location

The „Radom Congress Center” is an investment project located in the center of Radom, at 1 prof. Włodzimierz Krukowski Street, in the vicinity of A. Struga, K. Kelles Krauza Streets and close to Jagielloński Square.

Pic. 1: Location of the Project. Pic. 2: NOT building currently existing at the location.

Source: Google

Radom is located in central Poland, in the Mazowieckie Voivodeship. It is the big urban center (14th largest Polish city), with over 223 thousand inhabitants. Radom, after Warsaw, is also the biggest academic and cultural center in the Masovian Voivodeship. Description

Radom City officials have for long been interested in creating a new city center, as a result of which it is expected Source: The design concept of Hermanowicz - Rewski Architects from Warsaw. that NOT will actively undertake to prepare the area located at 1 Krukowski Street for modern, multifunctional urban development. The urban-architectural concept of the „Radom Congress Center” Project was developed by the team The Radom branch of NOT has perpetual usufruct rights to the location covering an area of ca. 7200 m2, of Hermanowicz - Rewski Architects from Warsaw with the assistance of specialists from MULTIBUD. The basic encompassing a building, which was constructed in 1976 – the „Dom Technika” – headquarters of the Association. idea behind the concept assumed that the designed buildings should create a modern urban structure of Radom, Unfortunately the state of the building is far from perfect, what, back in 2009, inspired the management of NOT which would constitute an alternative to Warsaw, and the seat of many economic and service centers emerging to prepare a concept of building an office, service and congress center on the location. NOT’s concept assumed in Poland. that the created multifunctional center, thanks to its scale and modern look, would serve the needs of not only NOT, but also the city and other potential users. The Center should attract international holding companies searching for The approved concept used to underline a new in the designed urban structure, locations, which could serve as their service centers. These companies could become potential employers which would outline, in a far perspective, a new character of the city center. for graduates of Radom schools. The authors of the concept have no doubt that the proposed bold architecture of the group of buildings, together with the complementary development of the Jagielloński Square, the city park and Jan Kochanowski Powszechny Theatre will attract residents searching for employment, but also others looking for contact with culture and entertainment as well as modern architecture.

16 17 New projects New projects

Although the area has been populated since the early Middle Ages, it was not until early 1916 when Mokotów THE “FORT VII A – WARSAW TOWER” - Project in Warsaw was incorporated into Warsaw. The name of the area, first appearing as the village of Mokotowo in docu- ments from the year 1367, has unclear origins. It is hypothesised to have come from the name of a Prussian Location owner of the village, who called himself Mokoto or Mokot, however no exact reference to such an individual can be found in the historical records. Most of the area was urbanized in the late 1920s and 1930s. The area The FORT VII A is an investment Project located at Mokotow district of Warsaw, in the vicinity survived World War II and the events of the Warsaw Uprising quite well and is one of the few well-preserved of Lotników Avenue and Pulawska Street. areas of Warsaw nowadays.

Pic. 1: Location of the Project. Pic. 2: Current view of the investment place. Description

The FORT VII A - Warsaw Tower design concept, through the prism of converting the area, assumes a modern, rational and sustainable use of space.

The current ownership and legal status has led to the complete degradation of over 8 ha of the area adjoining to one of the main communication arteries of the capital.

The design concept of The FORT VII A revaluation envisages: – the development of the area adjacent to Lotników avenue by the construction of apartment buildings with the service space at the ground floor level. Design concept assumes that all , and terraces will have the direct view to the green park, Source: Google – location of the large and safe playground for children in the direct neighbourhood of the apartment buildings, – development of the area at the corner of Puławska Street and Lotników Avenue by the construction of office The FORT VII A (“Służewiec”) – is a point of resistance in the outer ring of Warsaw Fortress, built in the end of buildings and hotel, with the height allowed by local plan of space development, 19th century. It is situated in the Służewiec South estate within Służewie in Warsaw’s Mokotów district. – adaptation of the warehouse bunker for the multimedia center with the added amphitheatre covered by Its task was to defend the point of the road leading to Puławy, which today is Puławska Street. Because it was built foto voltanic glass roof, later than most of the forts, it was constructed with more modern methods. The bunkers were built with concrete. – the cleaning and sealing up of the moat walls and bottom, and filling the moat with water, After 1909 in the liquidation of the fortress all the bunkers were blown up. Although remains are still located in – costruction of the walking avenues around the whole green area, the central part of the concrete storage bunker. – constrution of the stadwilles between the local hills along to southern part of the moat.

In the postwar period the resistance point became the property of the film company “Headlamp”. In 2006/7 it was The whole design concept of The FORT VII A development seems to be very creative and fruitfull for the Warsaw planned to rise on its premises a housing estate, what raised concerns about the preservation of the monument. proper development as the modern and beautiful capital of Poland. Mokotów is a densly populated district of Warsaw, the capital of Poland. It is a seat of many embassies and foreign companies. Only a small part of the district is lightly industrialized (Służewiec Przemysłowy), while the prevailing part is full of parks and green areas.

18 19 New projects New projects

Urban-architectural assumptions THE MASS AND CHEAP FLAT BUILDING PROGRAMME IN POLAND

Pic. 1 Visualisation of the „FORT VII A – Warsaw Tower Project in Warsaw” MULTIBUD is of the opinion that the mass and cheap flat building programme is one of the most important part in the actually implemented direction of country development programme. Therefore MULTIBUD decided to take an active role in the progamme implementation.

Description

The idea of a cheap, mass construction is absolutely correct and possible to implement, however, provided that the execution of proven, reliable, and cheaper technology to build housing, full-sized commercial properties. The buildings in the small technology elements of concrete and prestressed concrete, which is a technology in question, are made using the method of fabrication most components of majorty structure . Starting from the foundation walls, through the structural walls (both supporting and filling), lintels,to prestressed concrete ceilings. The design is optimized and designed so that not only all the exterior walls, but also internal wall between premises, are bearing structure and, where required by the architecture, in the load-bearing walls is designed gravity ventilation (do not lose surface and is much cheaper than the forced mechanical). The idea of a cheap building comes down to this, that the layout of the underground does not determine the architecture of the storey repetitive. This allows you to design in the most desired residential depth approx. 12 m. So this technology allows a substantial reduction of construction costs and to offer flats at competitive prices.

Current status

Source: The design concept of Piotr Majewski Architects from Warsaw. Such an example would be prepared by the MULTIBUD & TECHNOBETON CONSORTIUM the construction of the housing estate in Warsaw – Kobyłka district, in the PPP structure with the participation of the Kobyłka Town, Current status as the public partner. The first house has been formed since July 2016, and is constructed on the basis of the above mentioned At the end of 2015, Mr Wojciech Ciurzynski, representing MULTIBUD, has started the talks with the Wytwórnia technology. The same technology is used in few other places like Lublin and Radom as well. Filmowa Czołówka, as the formal owner of The Fort VII A real estate and subordinated entity to the Polish Ministry of Culture, regarding possibility to develop this very promissing for the future but today still very neglected and negligenced real estate. Also Mr Wojciech Ciurzyński expressed the idea of joint venture in implementation of this investment project. Both sides have agreed, to continue the talks in the meaning Urban-architectural assumptions of another part of understandings with the Ministry of Culture. Pic. Visualisations of the flat building constructed in accordance with technology for the mass and cheap programme. Since that time the initial design concept for the development of whole investment area has been completed. Now it is the propoer time to gain an accept from the side of the Ministry of Culture and next to obtain the investment capital what is actually focused on by the MULTIBUD.

The primary idea behind the joint undertaking stemmed from the conviction that the existing function of the real-estate i.e. state of neglection and negligencion, is insufficient irracional and other functions should be served once the area is developed.

Currently the concept assumes construction of a multifunctional complex encompassing: housing space, office space, hotel with wellness & SPA amenities as well as standwillas in such beautiful green area seems to be very attractive.

Source: The design concept of Archigraf.

20 21 Our team

The Multibud Team

Wojciech Ciurzyński

Founder and owner of MULTIBUD Group Board President of MULTIBUD INVESTMENT W. Ciurzyński SA Board President of MULTIBUD MANAGEMENT Sp. z o.o.

Construction engineer, graduate of the Warsaw University of Technology (Faculty of Civil Engineering), completed post-graduate studies in construction export at the Faculty of Foreign Trade in SGPiS (currently: Warsaw School of Economics). Licence: general construction and bridge construction. Extensive experience in managerial positions. Supervised and managed construction works, investment and development projects at home and abroad. Head of construction on the site of the Żerań Car Factory, Kawęczyn CHP plant in Warsaw, atomic plants in Bulgaria, GDR and Soviet Union, power plants in Iran and Sudan, and a gas refinery in South Africa. Gained experience and professional training on various positions in such companies as: Beton Stal, Energoexport, Budimex; after political transformation this experience came handy in such Warsaw development companies as Puławska Financial Centre Ltd. and PKO Investment Ltd. President, for a number of years, of POLNORD SA, The strength and recognition of MULTIBUD in the construction and developer industry come from a public limited company, listed on the Warsaw Stock Exchange (at his time, one of WIG20 index of largest the broad experience and skills of the founder of the Firm as well as the team of experts, who have worked companies). Experienced in establishing and expanding development companies which flourished on the Polish with Mr Ciurzyński over the years and have been invited by him to support MULTIBUD in the execution real estate market. Personally involved in raising funds for large development projects in these companies. of its mission. Honoured with many construction industry awards, received gold Business Manager Prize by Business Centre Club for successful project management.

22 23 Our team Our team

Jan Kurbiel Marcin Ciurzyński Wojciech Kaczmarek Dariusz Karnaszewski

Board Vice President Board Vice President Granary Island Technical Director of MULTIBUD INVESTMENT W. Ciurzyński SA. of MULTIBUD MANAGEMENT Sp. z o.o. Project Technical Coordinator of MULTIBUD MANAGEMENT Sp. z o.o. Investor’s Supervision Coordinator in Granary Graduate SGPiS (the Warsaw School of Economics) Graduate Of The Faculty Of Civil Engineering Electrical engineer, graduate of the Gdańsk University Island and Forest Residence projects in Warsaw - two-tier studies at Faculty of Production Of The Warsaw University Of Technology. of Technology (Faculty of Electrical Engineering). Economy, MA in economics. Post-graduate course At the time of the study an interesting internship Initially, foreman in the Electrical Systems Company Construction engineer, graduate of the Warsaw in the Higher School of Real Estate Management at MORRISON-KNUDSEN in the Branch Office, in Gdańsk. He worked as site manager supervising University of Technology (Faculty of Civil Engineering). - real estatemanagement studies with Professional Cleveland, USA. The first after studying two years the construction of housing estates in Gdańsk (Morena, Licence: executive construction. Gained experience Licence of Real Estate Manager Nr. 16736 issued by work in the Belgian company BESIX within the Orunia Górna, Chełm). Subsequently, he was contract in management and supervision of construction the Ministry of Infrastructure. George Washington framework of the investment project of the financial manager and business development manager with works in the last decade of the 20th century, initially University - specialist course in project management. centre Puławska as construction engineer. Nederpol Development & Investment Ltd. (among in the field of housing (among others, worked on Over 20 years of experience in managing large The next professional step was to take the challenges others, he was involved in the construction of Curtis the site of a housing district in Kurhan Street in Warsaw business organizations. Managed or co-managed, on his own business within the enterprise Plaza, a class A office building in Warsaw). Since 1994, - a nine-building development with 250 apartments), among others, Elektrim, Polska Telefonia Cyfrowa construction services and project “MULTIBUD” he has been running his own Gdańsk -based and later in investment - since 1997 worked in a well (T Mobile - Polish Digital Phone Operator), Elektrim company. His company has been involved, among specialist company, GFA Sp. z o.o., offering owner’s -established engineers’ development company Kable, Tele-Fonika Kable, Elektromontaż Export, others, in the construction of the new FRANKE factory representative and general project implementation SAP-Projekt. At the time the company managed Polnord. Many-years experience of managing projects in Sękocin not far from Warsaw and in the costruction services. He has built and managed a team of a number of prestigious developments in the area and commercial or residential real estate, including of Horizon Plaza at Domaniewska Street in Warsaw as engineers and specialists involved in preparing and of Warsaw (such as the Supreme Court building construction developments (hotels, office buildings, well. Also the professional experience of the jointly implementing construction and assembly works in Krasińskich Square, the Warsaw University library, residential buildings, mansions). owned and the forwarding companies: ZST SP. z o.o., of various scale and kind. BRE Bank Saski Point in Królewska Street, ILMET building Provides professional services in the scope of strategic, AXA FORTE SP. z o.o., DEVPOL SP. z o.o., PMC SP. z o.o. He has participated in more than 30 investment and at ONZ roundabout, etc. (the total of 5,000,000 square financial and economic as well as investment leading operational investment activities, construction construction projects, such as: the sewage pumping meters of usable area under investment management). consultancy. Free-lance managerial projects. and maintenance of buildings. station in Szamotuły, the branch offices of PKO SA Worked as supervising manager on the following sites: In the past contributed to the strong position Excellent knowledge of computer and computer in Gdańsk, Gdynia and Sopot, the head office of PKO WARTA office building in Warsaw, BFG office building of POLNORD SA on the Polish development market. programs in the field of organisation and BP SA – the Puławska Financial Centre in Warsaw, in Warsaw in Ks. Skorupki Street. Self-employed since Designed new development projects and managed management of construction process, plotting, the building of the Cefarm Pharmaceutical Company 2000, providing managerial and investment consulting their financing and implementation. graphical development project, schedules, etc. in Warsaw, the Central Railway Hospital in Międzylesie, services to a number of serious investors and Gained experience and expertise in full-scope Very good knowledgeof procedures related to the Alkauf hypermarket in Cracow and the Real developers. Cooperated on such projects as: investment project management, including the preparation and implementation of investment hypermarket in Rybnik, the building of the Silesian Polpharma office building in Warsaw in Bobrowiecka financialmanagement. projects. Fluency in English Bank Centre in , the head office of the Hestia Street, Metropolitan building in Piłsudskiego Square insurance company in Sopot, the Sheraton hotels in Warsaw, an exclusive residential development in Cracow, Poznań and Sopot(the Haffner Centre at 19 Parkowa Street in Warsaw, an office building in Sopot), numerous apartment buildings, e.g. in Poznań at 1A Wichrowa Street. Gained expertise at the housing estates: Neptun Park in Gdańsk, at establishing investment consortia which included Sopot Residence in Sopot, Three Graces in Sopot, various business entities and individual persons. Such and many others. a business formula developed the residential district Currently, he is President of the Board of the Gdańsk of houses in Szczotkarska Street in Warsaw. -based company GFA Sp. z o.o. 24 25 Our team Our team

Stanisław Albinowski Waldemar Kowalski Joanna Nowakowska Emilia Wolańska – Tuderek

Board President of Kobyłka Dom Sp. z o.o. Technical Adviser Managing Director Granary Island Project Commercial – the SPV for the Forest Residence Project to the Forest Residence Project of MULTIBUD MANAGEMENT Sp. z o.o. Deputy Coordinator Granary Island Project Commercial Coordinator Graduate SGPiS (the Warsaw School of Economics) Construction engineer with a road building major, Graduate of the Maria Curie-Skłodowska University in Warsaw – studies at Faculty of Production graduate of Kielce-Radom Higher Engineering Engineer (real estate management and spatial in Lublin (Polish philology, media editorship). Economy, MA in economics. Warsaw University School in Kielce. Licence: executive construction economy studies, MA in business management), Also completed postgraduate studies - post-graduate studies at Faculty of Organization and construction design. graduate of the Higher School of Finance in management at the Warsaw University and Management. Gained experience in construction works and Banking in Radom (management of Life Sciences, majoring in property management. Post-graduate course in the Higher School of Real management while realizing construction projects and marketing). Over 10 years of experience in communications Estate Management – faculty of real estate trade at home and abroad (among others built motorways Postgraduate studies at Warsaw University and marketing, gained in public administration and real estate management - professional licenses in Libya with Dromex). of Life-Sciences (SGGW) in Warsaw at the faculty sectors and private entities. Has been working on for real estate management and real estate trade Since 2005 specializing in development business. of management, specialty of real estate the real estate market since 2012, first as a manager agency issued by the Ministry of Infrastructure. Managed Pomeranka Ltd. and POLNORD - Łódź II management. of commercial and residential properties, then selling Over 40 years of experience in several sectors Ltd., companies established to design, realize Over twelve-years professional experience construction projects at companies with private of economy, among other in construction and sell residential development projects: in business management, real estate capital, operating on the property development and developer sector. Of several years experience a unique residential project Neptun Park in Gdańsk management, marketing, sales and construction and construction market. in large investment project management in power Jelitkowo and the City Park residential complex project management in private equity companies, Operates a registered sole proprietorship, offering sector and real estatesector as a part of Elektrim in Łódź. Experienced and expertly competent operating on development and construction agency services consisting in real estate brokerage. Group’s activity. at design and realization of development project market. Has the knowledge and experience necessary Since 2004 direct involvement in investment and at construction management. Active commercialisation proces management to guide the entire process of development project project management at the location of Wilanów for all developer projects arranged by MULTIBUD. sales in its full scope, from project creation – design Districtin Warsaw as a part of PKO BP Group,s guidelines, consultations, verification – through real estate activity. cooperation with respect to marketing and Economist and organizer - very well meaning advertising, to preparing and conducting sales and managing developer investment projects until commercial letting is concluded. of housingand commercial facilities. Contributed to the strong position of Qualia Development Sp. z o.o. – the subsidiary company of PKO BP SA - on the Polish development market. Designed new development projects and managed theirfinancing and realization. Gained experience and expertise in full-scope investment project management

26 27 Sponsoring

MULTIBUD Group is engaged not only in new investment business operations but also is also sensitive to support interesting and important cultural projects. MULTIBUD’s team members among others have been involved in the suport of:

The Krzysztof Penderecki European Center for Music that is a non-profit organization focusing on the per- forming arts and education. With the concert hall designed for an impeccable acoustic experience and seating up to 650 patrons, a 210-square-meter stage and a terrace intended for open-air concerts, the Center has become a hub of performing arts and cultural activities within the local communities and beyond. Each year the Center organizes approximately 150 different projects, including Emanacje Festival, one of the largest music events in Poland, hosts around 1000 performers and gathers an audience of 30,000 listeners.

Polish Film Festival in Gdynia that is one of the oldest film events in Europe which promotes the Polish cinematography on such a wide scale. It exists since 1974. At present, the Festival is held in the Danuta Baduszkowa Musical Theatre, in the Gdynia Waterfront Centre Multikino, the Helios Cinema and the Gdynia Film Centre.

The Ludwig van Beethoven Association that was founded on 24 September 2003 in Cracow. The founder of the institution is the President Elżbieta Penderecka. The primal activity of the Association is to organize Ludwig van Beethoven Easter Festival and to promote classical music. The Association cooperates with Polish, foreign and international organizations and institutions of the same type.

The Krzysztof Penderecki European Centre for Music

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